The foundation of The Vender Group is comprised of three basic tenets: Confidentiality, accessibility and affability, while providing highly-customized wealth strategies to a small group of like-minded clients. We aspire to provide the highest level of service and attention to detail, along with the highest degree of consistency and integrity. When mapping out our clients' priorities we maintain objectivity and independent thought, striving to achieve the highest probability for favorable outcomes. For all these reasons, we are often the first call made to address critical decisions faced by our clients: this is a responsibility we take great pride in as it speaks to the incredible mutual respect between our team and our clients.
  • Comprehensive Wealth Planning
  • Family Governance & Wealth Education
  • Pre-Liquidity Planning
  • Open-Architecture Platform
  • Investment Management
  • Manager Selection
  • Risk Management
  • Hedging Strategies
  • Philanthropy Management
  • Corporate Services
  • Retirement & Pension Plans
  • 10b5-(1) Programs
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*

About PWM

Founded in 1977, Private Wealth Management is the division of Morgan Stanley Wealth Management that is dedicated to serving the firm’s most affluent clients, including some of the world’s most accomplished entrepreneurs, executives and stewards of multigenerational wealth. Functioning as an exclusive investment boutique within a global financial firm, we deliver sophisticated solutions that leverage the intellectual capital and insight of Morgan Stanley’s substantial global resources. Drawing on a deep understanding of your financial life, our goal is to help you:
  • Manage investments with an unwavering focus on your financial strategy and personal goals
  • Create comprehensive, multigenerational wealth management plans based on your needs, challenges and the values that guide your life and legacy
  • Simplify financial complexity to help you achieve clarity and control
Private Wealth Management Highlights
  • Approximately 250 teams1  specialized in assisting individuals and families with $20MM+ in investable assets
  • Over $330 billion in AUM2
  • Comprising 26% of the Barron’s Top 100 Financial Advisors list for 20173
  • Direct access to ultra high net worth experts in philanthropy, family dynamics, wealth transfer, lifestyle advisory and other areas of interest to ultra high net worth families
1 Morgan Stanley Wealth Management, December 31, 2017
2 Morgan Stanley Internal Compensable Revenue Report, December 31, 2017
3 Barron’s Top 100 Financial Advisors, April 2017


Discovery Process
Investing the time to learn about you and your family; your assets and liabilities and the risk exposures, enables us to formulate strategies and customize the relationship to your needs.
Formulation of Tax, Trust and Estate Strategy
Working with your tax and legal advisors, we help analyze your income and estate tax circumstances to identify and tailor planning techniques that may be used to address your objectives.
Creation of Customized Strategic Asset Allocation
Your customized asset allocation reflects risk, opportunities and taxation across multiple entities, while integrating your investing and estate plans.
Integration of Tactical Asset Allocation
Short-term adjustments seek to capitalize on temporary market distortions. Before making adjustments, we analyze the impact of taxes and trading costs on potential returns.
Implementation of a Customized Wealth Strategy
After comprehensive due diligence and analysis of expected results across multiple market scenarios, strategies are chosen from our expansive investment platform.
Ongoing Assessment
In coordination with your other advisors, we can conduct ongoing reviews and comprehensive reporting to ensure that your strategy adapts to changing financial and family needs.


The Vender Group was formed with the goal of unburdening our clients, by helping to formulate highly customized wealth planning strategies, which encompasses not just investment decisions, but legacy planning. Relying on years of practical experience and drawing on all of the resources of Morgan Stanley, we work tirelessly to understand what matters most to the families we work with, at their core. We take a consultative approach in the design of our investment strategies, blending elements of traditional and alternative investments, banking and lending, control and restricted securities, along with hedging and monetization. After formulating an investment plan, we marry the mandate with independent thought and objectivity throughout manager selection, sitting on the same side of the table as our clients, to select best in class managers. Our investment guidance is augmented by an array of family office services, including estate planing support, expense management, private health care consultancy and philanthropy management.


    233 S Wacker Dr
    Ste 8600
    Chicago, IL 60606
    (312) 443-6014(312) 443-6014

    Meet The Vender Group

    About Me

    Scott has 32 years of experience counseling high net worth investors and families.  Along with investment management, Scott advises on estate freeze techniques, wealth transfer, family dynamics, philanthropy, business succession planning, liability management and asset protection for families and business owners. Scott is among the select few Private Wealth Advisors to be named a Morgan Stanley Family Wealth Director. This designation demonstrates that he has delivered an exceptional depth of experience and breadth of knowledge in wealth planning and investment advice to the most affluent families.

    (312) 443-6014
    Securities Agent: TX, IL, FL, VI, VA, PA, OR, OH, NY, NV, NJ, NH, NC, MT, MN, MI, MD, MA, LA, KY, IN, GA, DC, CT, CO, CA, AZ, AR, AL; Managed Futures; General Securities Representative; Investment Advisor Representative
    NMLS#: 1294057

    About Me

    James Vender is a Private Wealth Advisor possessing 8 years of financial services experience.  James is a founding member of The Vender Group at Morgan Stanley Private Wealth Management, formed following successful completion of Morgan Stanley's intensive Financial Advisor Associate program.  James prides himself on providing clients with thoughtfulness, attention to detail and extraordinary service, which leads to highly-personalized investment advice and counsel.  James serves on the Young Professional Advisory committee of the Chicago Community Trust, and is a Co-Chair.  James also serves on the Guild Board of the Boys and Girls Club of Chicago.

    (312) 443-6504
    Securities Agent: IL, WI, VA, TX, SC, PA, OR, OH, NY, NV, NJ, NH, NC, MT, MN, MI, MD, MA, LA, KY, IN, IA, GA, FL, DC, CT, CO, CA, AZ, AR, AL; General Securities Representative; Investment Advisor Representative
    NMLS#: 1285236

    About Me

    Jack Hellwig is a Financial Advisor of The Vender Group at Morgan Stanley, where he works closely with clients to develop customized financial plans and utilizes the team's best practices to implement recommended solutions. Prior to joining The Vender Group, Jack was a Financial Advisor in Morgan Stanleys Client Advisory Center, helping individuals devise and execute an investment approach for their retirement assets by simplifying the 401(k) rollover process. Beyond retirement, Jack continues to work with his clients on a regular basis to address all of their financial concerns. Jack received his bachelors degree in economics from the University of Michigan, and he holds the FINRA Series 7, 66 and Life Insurance licenses. In his spare time, Jack enjoys traveling, golfing, skiing and spending time with his family.

    (312) 443-6002
    Securities Agent: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY; Investment Advisor Representative; General Sercurities Representative
    NMLS#: 1285287
    Securities Agent: UT, TX, IL, WY, WV, WI, WA, VT, VI, VA, TN, SD, SC, RI, PR, PA, OR, OK, OH, NY, NV, NM, NJ, NH, NE, ND, NC, MT, MS, MO, MN, MI, ME, MD, MA, LA, KY, KS, IN, ID, IA, HI, GA, FL, DE, DC, CT, CO, CA, AZ, AR, AL, AK; General Securities Representative; Investment Advisor Representative
    NMLS#: 1285287

    About Me

    Barb joined Morgan Stanley in 2004. She brings 17 years of experience. Barb has served many roles throughout her career including Operations Manager and Assistant Branch Manager. She attended Drew University where she graduated with a BA in Art History. Barbara holds the NASD licenses 7, 9, 10, and 63.
    Economic and Market Perspectives

    On the Markets

    Managing Significant Wealth

    • Investment Management
    • Wealth Transfer & Philanthropy
    • Cash Management & Lending
    • Family Governance & Wealth Education
    • Lifestyle Advisory
    • Business Services
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    The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.

    Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.

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    See the Financial Advisors Biographies for Registration and Licensing information.

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